Category Archives: Credit Counselling

The majority of Canadians carry some form of debt, and many know they need to take action to get out of debt. But when is the right time to reach out to a professional? Here is a guide to understanding when your debt has become too serious to handle on… Read more

Recently one of our advisors, Doug Hoyes, was interviewed by newretirement.com about how debt can be a handicap for those approaching retirement. Roughly two-thirds of Canadians 55 and over carry debt in their pre-retirement years and only half of those will pay off that debt before the5 y retire. So… Read more

Credit counselling is a very good alternative to dealing with debt problems. If you have a modest amount of debt, with very few creditors credit counselling, through a debt management plan, provides you with a voluntary program to pay off debt sooner. But how do you know if it’s the… Read more

Credit counselling is a much used, little understood term, that various companies in Canada now use to describe a multitude of debt relief solutions. Some offer great services, it doesn’t really matter what they call it. Other ‘credit counselling’ agencies are purposefully confusing readers about the product they offer because… Read more

When you are sick, you go to the doctor. If you need to see a specialist, your family doctor refers you to someone who can help you with your specific illness. But what happens when you have a debt problem?  Where do you go? Who should you talk to? In… Read more

Dealing with your debts through an accredited credit and debt counsellor can improve your long term credit risk. A recent study released by the Canadian Association of Credit Counselling Services showed that consumers who repaid their debt with the assistance of a credit counselling Debt Management Plan proved to have… Read more

The number of debt settlement companies entering the Canadian marketplace has ballooned in recent years. Advertising a wide range of services including credit counselling, debt settlement, debt relief, debt consolidation, and debt management, it is hard for the average person to distinguish between what is fact, what is hype, and… Read more

A article in the Toronto Star today looking into practices at Consolidated Credit Counseling Services of Canada Inc., one of the largest not-for-profit credit counselling agencies in Toronto and across Canada, found that their advisors providing counselling services to potential clients are not certified counsellors. In the story, the Star… Read more

If you are having trouble paying your bills, are getting calls from collection agencies and are losing sleep over worries that you are carrying too much debt you are not alone. Canadians are knee deep in debt and the tide keeps rising. Debt reduction may be a goal for many… Read more

GTA Credit Solutions Services (GTA Credit), a Toronto based credit counselling and credit advisor company, filed a Notice of Intention to File a Proposal on September 6, 2012. This is a form of protection pursuant to the Bankruptcy and Insolvency Act of Canada. On September 20, 2012 GTA Credit filed… Read more